BobbySpa

GOOG - Ready to breakout?

NASDAQ:GOOG   Alphabet Inc (Google) Class C
This is a tough read. Hasn't made it back into the channel but good earnings may help it to get there. My thinking is that GOOG like AMZN will miss earnings and fail at channel resistance and turn back down.

Comments

notice that RSI is making a higher spike vs. Sept 09. spike. Also, MACD blue line is still separating from the red/orange line. There is potential for one more leg UP, no?
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BobbySpa LittleCash
@LittleCash, agreed. Just not sure how much juice there is. AMZN recovery on Friday from 1620 after hours trades made believe there may be one last FANG trade. MSFT and INTC supportive of a last technology rally a la 1999-2000
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LittleCash BobbySpa
@BobbySpa, yes, you are right about how much juice is there left. I am impressed how the markets
Have been carried higher the last couple of month on vapors of "promise of better tomorrow". Good trading to you
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